From the NY Times:
As unemployment and commercial vacancy rates have risen in places like Stamford, Conn., and Morris County, N.J., officials in those states have stepped up efforts to lure New York companies.
New Jersey’s governor, Jon S. Corzine, has proposed spending $150 million a year to attract larger businesses that promise to create at least 200 jobs in certain urban areas served by commuter train lines. New Jersey recently offered a 10-year subsidy package worth $74.6 million to the Depository Trust & Clearing Corporation in Lower Manhattan, which is considering moving. And in December, the state granted $16.5 million in incentives to Tullett Prebon, a British financial company whose main American operations are in Manhattan. The company has promised to move 330 jobs to New Jersey.
Connecticut officials say they are in discussions with several New York companies, but declined to provide details.